Stag Industrial (NYSE:STAG) Issues Earnings Results, Beats Estimates By $0.10 EPS

Stag Industrial (NYSE:STAG) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.37 EPS for the quarter, beating the consensus estimate of $0.27 by $0.10, FiscalAI reports. The business had revenue of $231.05 million during the quarter, compared to the consensus estimate of $227.16 million. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%.

Stag Industrial Trading Down 0.5%

STAG traded down $0.17 during trading on Tuesday, reaching $36.13. 1,679,499 shares of the company’s stock were exchanged, compared to its average volume of 1,469,141. Stag Industrial has a one year low of $35.14 and a one year high of $42.61. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $6.97 billion, a PE ratio of 27.79 and a beta of 0.95. The firm has a fifty day moving average price of $36.72 and a two-hundred day moving average price of $37.90.

Analyst Ratings Changes

STAG has been the topic of a number of research reports. Barclays boosted their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, July 16th. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research note on Monday, September 14th. Weiss Ratings downgraded Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Robert W. Baird raised Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Monday, August 31st. Finally, Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $41.11.

About Stag Industrial

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties throughout the United States. The company focuses primarily on single-tenant properties, which it leases to businesses for uses such as warehousing, distribution, manufacturing and logistics.

Its portfolio includes a range of industrial facilities serving tenants across diverse industries and geographic markets. STAG Industrial’s business activities include property acquisition, leasing, management and development, with an emphasis on facilities that support supply-chain and operating requirements.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.